In late July I wrote to you about how one of the hottest, most widely-held stocks in the market was headed for an imminent decline. It wasn’t a popular opinion, but it was right and easily predictable. I didn’t have any “inside” information though. And it didn’t take hours of fundamental analysis. And I didn’t…
DetailsJust eleven days before the U.S. election, we got amazing news. The U.S. government reported that GDP expanded at a 2.9% annual pace in the third quarter of 2016 – a nice jump from the first half of the year when we grew by 1%. It was also well ahead of consensus estimate for 2.5%. This is a welcome…
DetailsIt was good while it lasted. Oil prices are quickly falling apart on fears the November OPEC meeting will disappoint. Over the weekend, Iraq said it should be given special treatment, as non-OPEC producers failed to commit. At the same time, the Saudi’s may be forced to cut even more production, which would give away…
DetailsWhen OPEC reconvenes on November 30, the group should be able to reach a deal to curb production without too much disagreement. At least, that’s what OPEC’s Secretary-General Mohammed Barkindo believes will happen. “We expect that all the building blocks will be in place in a timely fashion for implementation. I am optimistic we will…
DetailsThe tech industry is disrupting everything. Uber has changed personal transportation forever. AirBnb has taken a $1 billion bite out of the hotel industry. Robots. Automation. Amazon. Facebook. Alibaba. The list is endless. One $252 billion industry has remained largely insulated from the global tech transformation though. That’s going to change very soon and make…
DetailsEvery bubble ends. No exceptions. This one will be no different. History has proven investors will grow too confident, plow too much money into something, get lulled into an undue state of self-confidence, and then have it collapse. Right now $3.6 trillion has been put into this single idea (odds are you’re in it too),…
DetailsIt could be one of the biggest deals of the year. Time Warner just accepted an incredible $85.4 billion in a cash and stock offer from AT&T. Not only is it the 11th biggest offer we’ve seen since 1995, it’s also the third biggest media deal behind Time Warner’s $87.4 billion deal to acquire Charter…
Details“The bailouts worked…perfectly.” I don’t really talk politics with people. I normally just say something like, “I make Ron Paul look like Joseph Stalin,” listen, and try to find a way to change the subject to something more interesting. At times like these, the topic is unavoidable though. So when a few friends brought up…
DetailsMarket volume has been unusually low for this time of year. In fact, since October 10, 2016, daily volume is about 19% below average, according to The Wall Street Journal. Perhaps it’s the fact that for the last 20 years October has been one of the worst months for stocks. But it also has a…
Details“There’s no doubt that 2017 prices will be lower than 2016 prices…” That’s the type of statement you hear only after years of sustained downturns when all hope is lost. It’s also what you when investors are most worried, prices are cheapest, and it’s time to buy in. Revealed: My Next Big Trade Idea The…
DetailsNearly 70% of all investors lost money last year. That’s according to Openfolio, an app used by regular investors track their investment results. That’s a staggeringly high number. You know what though, I believe it. I’m actually a bit surprised it’s not higher. The problem is most investors make two mistakes which consistently cost them…
DetailsIt’s been an impressive year for small-cap stocks. Since the year began, the Russell 2000 has gained 7%, as the S&P 500 tacked on just 5%. In fact, small-cap growth funds gained an average of 6.6% since the year began, as larger-cap funds averaged 2.85%, according to Morningstar. Yet, some investors continue to ignore small-cap…
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